Outstanding loans worth Rs 50,000 crore are attached to hotel real estate. A 50 per cent delinquency would result in Rs 25,000 crore of loans turning bad

Coronavirus pandemic has upended the fundamentals of hospitality sector, including Oyo; occupancies are down, room rates are down, the economy is limping, and state-specific restrictions have only made it difficult for the sector to gain travellers' confidence

The restaurant industry is close to irreparable damage. Can it be saved?

How hotels are reinventing themselves to stay afloat

Staring at record losses, the travel and tourism sector is preparing a plan to take on coronavirus

Hospitality and Tourism sectors are going back to the drawing board to trim fixed costs, and opting for centralised procurement & sharing of back-end services

Hospitality to lose Rs 30,000 crore revenue; aviation losses to add up to Rs 8,200 crore; auto sales down 70 per cent; restaurants fear 15 lakh job losses

The coronavirus pandemic could trigger a global economic crisis and destroy up to 25 million jobs around the world if governments do not act fast to shield workers from the impact, the International Labour Organization (ILO) said; The Indian hospitality sector is staring at a loss of $4.2 billion to $4.7 billion in revenues due to coronavirus outbreak, as per hospitality consultancy Hotelivate; The government has asked all the banks to encourage its customers to use digital payments, instead of cash transfer in day to day life as a precautionary measure against coronavirus outbreak; RBI's moratorium on crisis-hit private sector lender Yes Bank has been lifted. Yes Bank customers can now withdraw money from ATMs and access other banking services. Watch this and more news on News Blast.Read: Are Indian banks ready to absorb Covid-19 impact?

Coronavirus outbreak could destroy up to 25 million jobs - ILOThe coronavirus pandemic could trigger a global economic crisis and destroy up to 25 million jobs around the world if governments do not act fast to shield workers from the impact, the International Labour Organisation (ILO) said on Wednesday. \"However, if we see an internationally coordinated policy response, as happened in the global financial crisis of 2008/9, then the impact on global unemployment could be signif...

The loss to the organised market, which is about 5 per cent of the total lodging sector in the country, is estimated to range between $1.3 billion and $1.55 billon

Why the fast-growing hotel chain had to scale down

With the depreciation in rupee and oil prices being elevated, airlines are staring at tough times ahead. They would need to take a call if they can afford to raise fares in an already-somber market or absorb the high costs

The reduction in GST (goods and services tax) in the third week of September is expected to give confidence to hotel companies to increase tariffs

From starting up as an aggregator of alternate accommodation, OYO's ambition changed midway in its journey to become an alternate hotel company that would own, lease and manage properties.

The importance of not just the brand, but also patents and trademarks, technology and intellectual property as well as human capital is now being ascribed value, which in many cases, has caused a measurable shift in the market value of companies when compared to their book value.

Leasing of hotels has emerged as a promising business model, but a lot depends on the brands' risk appetite.

Why hotel chains are unable to increase room rates in spite of robust demand.

Leisure travel in India is set to witness a new boom as millennials get ready to splurge.

With occupancy hitting a decade high, hoteliers believe an upturn is in sight; but the early signs are far from conclusive.

The largest consultancy with about 60 per cent market share in the hospitality consulting space closed down after the senior management of HVS India and 42 employees started their own venture Hotelivate.